Past Event

Robots and artificial intelligence: The next frontier for employment and EU economic policy

This event will look at the impact of robotics and artificial intelligence on employment, wages and EU economic policy.

Date: April 18, 2018, 11:00 am Topic: Innovation & Competition Policy

VIDEO & AUDIO RECORDINGS

Session 1

Session 2

The advance of artificial intelligence and development of robotics is expected to have a great impact in our society and our economy. On the one hand, automated systems bring many efficiencies in the performance of specific tasks and the operation of markets. On the other hand, their disruptive forces create many challenges for policy makers who have to design an efficient and secure framework so that the benefits for humanity are maximised.

This event will discuss this topic during two sessions. The first session will focus on the impact of industrial robots on EU employment and wages, and will feature the presentation of a new paper by Georgios Petropoulos. The paper looks at these issues using a local market approach similar to the one introduced by Acemoglu and Restrepo (2017) for US labour markets.

The second session will discuss the consequences of artificial intelligence on the economy. A panel of experts will evaluate the economic impact of AI and discuss open challenges for the EU industry and economy.

Presentation by Barry O’ Sulllivan

Presentation by Mario Mariniello

 

Schedule

Apr 18, 2018

10:30-11:00

Check-in and welcome coffee

11:00-12:30

SESSION 1: THE IMPACT OF INDUSTRIAL ROBOTS ON EU EMPLOYMENT AND WAGES

11:00-11:20

Presentation

Georgios Petropoulos, Research Fellow

11:20-11:50

Comments

Julia Bock-Schappelwein, Senior researcher, Austrian Institute of Economic Research in Vienna (WIFO)

Anna Byhovskaya, Senior policy advisor, Trade Union Advisory Committee to the OECD (TUAC)

Loukas Stemitsiotis, Head of Unit, Thematic Analysis, DG Employment and Social Affairs, European Commission

11:50-12:30

Discussion and Q&A

Chair: Paola Maniga, Head of Development

12:30-13:00

Lunch

13:00-14:30

SESSION 2: THE IMPACT OF AI, CHALLENGES AND POLICY RESPONSES

13:00-13:45

Panel discussion

Chair: Georgios Petropoulos, Research Fellow

Pat Bajari, Chief economist and vice president at Amazon

Mario Mariniello, Digital Adviser, European Political Strategy Centre (EPSC)

Clara Neppel, Senior Director, European Business Operations, IEEE

Barry O’Sullivan, Director, Insight Centre for Data Analytics, School of Computer Science & IT University College Cork, Ireland

13:45-14:30

Q&A

14:30

End

Speakers

Pat Bajari

Chief economist and vice president at Amazon

Julia Bock-Schappelwein

Senior researcher, Austrian Institute of Economic Research in Vienna (WIFO)

Anna Byhovskaya

Senior policy advisor, Trade Union Advisory Committee to the OECD (TUAC)

Paola Maniga

Head of Development

Mario Mariniello

Digital Adviser, European Political Strategy Centre (EPSC)

Clara Neppel

Senior Director, European Business Operations, IEEE

Loukas Stemitsiotis

Head of Unit, Thematic Analysis, DG Employment and Social Affairs, European Commission

Georgios Petropoulos

Research Fellow

Barry O’Sullivan

Director, Insight Centre for Data Analytics, School of Computer Science & IT University College Cork, Ireland

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

matilda.sevon@bruegel.org

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Working Paper

The impact of industrial robots on EU employment and wages: A local labour market approach

In theory, robots can directly displace workers from performing specific tasks (displacement effect). But they can also expand labour demand through the efficiencies they bring to industrial production (productivity effect). This working paper adopts the local labour market equilibrium approach developed by Acemoglu and Restrepo to assess which effects dominate and the impact of robots on wage growth and employment rate in Europe.

By: Francesco Chiacchio, Georgios Petropoulos and David Pichler Topic: Innovation & Competition Policy Date: April 18, 2018
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Policy Contribution

Are European firms falling behind in the global corporate research race?

The author looks at how concentrated corporate R&D is in Europe, compared with sales and employment. The US and China are more likely to produce new R&D leaders that take over some of the top positions from incumbent R&D leaders. How is the EU coping with technology shifts and creating the next generation of new leading firms?

By: Reinhilde Veugelers Topic: Innovation & Competition Policy Date: April 12, 2018
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Blog Post

The European Globalisation Adjustment Fund: Time for a reset

It is only in the last decade that the EU has had an active policy to reintegrate workers who lost their jobs as a result of globalisation, through the European Globalisation Adjustment Fund (EGF). In this blog, the authors assess the performance of the Fund and make three recommendations to improve its effectiveness. To be more successful, the Fund should improve its monitoring and widen the scope of its usage.

By: Grégory Claeys and André Sapir Topic: European Macroeconomics & Governance Date: April 11, 2018
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Policy Contribution

The European Globalisation Adjustment Fund: Easing the pain from trade?

With the European Globalisation Adjustment Fund (EGF), the EU now has an instrument to help workers negatively affected by trade find new jobs. However, only a small proportion of EU workers affected by globalisation receive EGF financing. How to improve the EGF? Revising the eligibility criteria to qualify for EGF assistance, enlarging the scope of the programme beyond globalisation and collecting more and better data to enable a proper evaluation of the programme.

By: Grégory Claeys and André Sapir Topic: European Macroeconomics & Governance Date: March 22, 2018
Read article More on this topic More by this author

Blog Post

Economies of States, Economies of Cities

Both in Europe and the US, economists are starting to notice how the economies of cities have been sometimes diverging from the economies of states. While some areas thrive, others may be permanently left behind. Maybe it is time to adopt a more clearly sub-national perspective. We review recent contributions on this issue.

By: Silvia Merler Topic: Global Economics & Governance Date: February 5, 2018
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This instalment of the Sound of Economics features Bruegel fellows Reinhilde Veugelers, Simone Tagliapietra and J. Scott Marcus explain how European industries are adapting to new manufacturing, and what more can be done to help EU countries and companies keep pace with the burgeoning 'Industry 4.0'

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: January 19, 2018
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The growing presence of robots in EU industries

While it is always tempting to try to predict future patterns in the automation of European industries, it is also insightful to assess key dimensions of their robotisation so far, starting from the pre-AI era. This article presents evidence on the use of industrial robots by European industries from 1993 and onwards.

By: Georgios Petropoulos Topic: Innovation & Competition Policy Date: December 20, 2017
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